During the quarter, which ended on June 30, year-over-yearsame-store sales plunged 10.8%. Net sales also fell, by 5.1%, to$207.7 million. Net earnings were $2.9 million, down from $10.5million in last year's second quarter.
Though Tuesday Morning is in a sales slump, the company is notcutting its growth plans. It has opened 30 new stores so far thisyear and is planning another 35 to 40 by the end of 2006. Thecompany currently operates 762 units in 46 states.
Intense advertising and markdowns by competitors have alsocontributed to Tuesday Morning's performance, Mason says. To combatits struggles, the company is changing its inventory. "We'reshifting our assortment from more decorative to more functional,"she says.
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